Page 114 - 2020 Statistical Abstract

Need-Based Award – A scholarship awarded based on quantified measures of financial need; for example: family household income.

Palmetto Fellows Scholarship – A merit-based scholarship established in 1988 to recognize the most academically-talented high school seniors

and encourage them to attend college in the state. The annual award amount for the freshman year is up to $6,700. The award amounts for
the sophomore, junior, and senior years are up to $7,500 per year. Half of the scholarship is awarded in the fall term and half in the spring.

The scholarship is applied toward the cost of attendance, less any other gift aid, at an eligible four-year institution in South Carolina.
Assuming continued eligibility, Palmetto Fellows may receive scholarship funding for up to eight consecutive terms of full-time study toward
the first Bachelor’s degree. Palmetto Fellows may receive up to 10 consecutive terms of full-time study toward the first CHE-approved five-

year undergraduate program.

SC HOPE Scholarship – A merit-based scholarship established under the 2001 S.C. Education Lottery Act and implemented in fall 2002. The

scholarship was created to provide funding for students attending an eligible four-year institution in S.C. who did not qualify for the LIFE or
Palmetto Fellows Scholarship. Students may receive up to $2,500 plus a $300 book allowance (total award not to exceed $2,800) for the

first two consecutive terms of college enrollment. Scholarship funds are applied toward the cost of attendance.

SC National Guard College Assistance Program – Qualified members of the National Guard may receive college assistance program benefits up
to an amount equal to 100% of college cost of attendance, provided, however, these college assistance program benefits in combination
with all other grants and scholarships shall not exceed the cost of attendance at the particular eligible institution in any given award year;

and the cumulative total of all college assistance program benefits received may not exceed $18,000.

SC Need-based Grant - At S.C. public institutions, eligible degree-seeking students may receive up to $2,500 annually if enrolled full-time and up

to $1,250 annually if enrolled part-time. Students may receive Need-based Grant funding for up to two academic terms each academic year
which may be awarded in any combination of fall, spring, or summer terms. The Need-based Grant is an annual award that must be applied

toward the cost of attendance and disbursed half in the first semester and half in the second semester.

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